Champion EA claims to be a smart trading system that can trade 5 pairs simultaneously. It has a drawdown reduction and time filter functions for safe and profitable trading. As per the developer, it is suitable for FTMO and FIFO conditions. The developer claims that it has produced a drawdown of less than 10% for one year.
This MT5 tool is available for $1250, which is a discounted price. According to the developer, the original price of the FX EA is $9999. There are no details concerning the features available with the package. The vendor does not offer a refund policy for the product, which makes us suspicious of the reliability of the system.
Champion EA trading strategy
As per the developer, Evgenii Aksenov, the FX robot uses a smart trading method that depends on identifying optimal entry and exit points. He claims that it has been tested on real quotes for several months successfully. The FX EA has protective functions integrated into it. A news filter addition helps to avoid random transactions during unpredictable conditions. The EA evaluates the price of every candle and its deviation and arrives at a decision only upon the closure of the candle. We find the strategy explanation is vague and insufficient.
Champion EA features
Some of the significant features the developer reveals about this FX robot are:
- It works on the EURCAD, AUDCAD, NZDCAD, AUDNZD, and GBPCAD pairs.
- You can trade all the pairs on a single chart.
- The FX robot supports many currency pairs.
- You need not perform optimization or use additional set files.
- An integrated profit-ratio system/drawdowns are present.
- The H1 timeframe is recommended for the EA.
- The vendor recommends using a hedging account.
- For stable operation, a VPS is recommended.
- The minimum deposit needed is $100.
- A low spread ECN broker is recommended for this EA.
- It is not sensitive to slippage and spread.
Champion EA backtesting results
A backtesting report shown above is present on the MQL5 site. Unfortunately, it does not reveal much info. We are not able to find out about the drawdown, profitability, commission, spread, etc. From the details provided, we find that the system had generated a net profit of 68,632,681.47 for an initial deposit of 1000. A profit factor of 1.69 was present for the account. The insufficient info makes it difficult to assess the efficacy of the strategy.
Champion EA live trading results
A live signal using the Tickmill broker and the leverage of 1:500 is present for the EA on the MQL5 site. From the data present, we can see the account that started in October 2021 has completed 50 trading days with an average of 13 trades per week. A 56.50% growth is present for the account which started with a deposit of 1000 USD. The profit is 754.18 USD. A profit factor of 2.06 and profitability of 77.72% are present for the account.
A drawdown of 21.1% is present which is a bit high. As per the MQL5 site, 80% growth occurred in one day which indicates a high risk. Comparing the backtesting result with the live trading results we find the profit factor and profitability are higher in the real trading. The higher values indicate an enhanced performance. However, the drawdown is a bit on the higher side so you need to consider the approach with care.
Champion EA reputation
Evgenii Aksenov is based in Russia and has three years of experience in developing FX trading tools. He has 46 products and 20 signals to his credit. To contact the developer, you can use the direct messaging option on the MQL5 site or use the email address provided. Other products of the developer are Gold Eagle, Index Scalper Pro, PZ Grid, and more.
Unfortunately, there are no reviews present for this FX robot on reputed third-party sites like FPA, Trustpilot, etc. While the MQL5 site has a few reviews, we cannot consider them as they may be manipulated.
Champion EA review summary
- Strategy –5/10
- Functionality & Features –6/10
- Trading Results –5/10
- Reliability –5/10
- Pricing –2/10
Conclusion
Champion EA assures a reliable system that brings high returns. The developer provides backtesting results and a live signal for the ATS. However, the backtests do not reveal all the pertinent info and the real trading results show unprecedented growth in a very short span. The inadequate info and sudden growth spike show that the reliability is not as assured by the vendor. Further, the product is exorbitantly priced and does not have a money-back guarantee.
